The Equitable Life Society.

Gisborne Times, Volume VII, Issue 376, 27 March 1902, Page 3

The Equitable Life Society.

Of the great financial institutions that control certain special interests with which the intelligent world is conduct the insurance on cmr lives aro amongst the most wealthy. We have in our midst tho Equitable Life Assurance Society of tho United State!. This collossal compauy has just completed one of the most successful years in its experience, and tho financial statement published in another column furnishes pleasant read-

ing for the society’s members. The assets have reached the large total of £68,966,608, 1 the increase for tho year being £5,508,6 1 8. The surplus, or the excess of assets over all liabilities, stands at £l4, ,97,717, having increased by £1,039,973 during 1901. J This surplus, the socioty claims, is largely in excess of that of any other life society in tho world, and as it is from this fund that bonuses are paid, thoso holding tho society’s policies will be gratified to note its position. Tho assurances now in force total £245,682,651, the

increase for the year having been £18,000,350. Great vitality is shown in the new business figures, which during the past twelve months exceeded those of 1900 by £8,088,718, and business was introduced during 1901 at the rate of about one million pounds per week.' The figures j bear testimony to the popularity and progressiveness Of the institution. We are informed that the society’s operations in New Zealand and Australia have resulted in the new'business showing an increase of over 40 per cent., and the new premiums of over 50 per cent, for the year. The Wellington office of the society, situated in Messrs Stewart, Dawson and

Co.’s buildings, is the head office for New Zealand. The local directors are Mr H. D. Bell [and Dr Albert Martin ; the resident secretary is Mr E. Trevor Gould, and Mr Percy M. Thomson is inspector of agencies, the company being represented in Gisborne by Mr Win. Miller as resident agent.